Let’s take a look at what's happening with the Incline Village real estate market.
As of March 2nd, there are 101 single family homes and townhomes on the market and only 36 condominiums. For single family homes, prices are ranging from $649,000 all the way to $75 Million.
Just 2 months into the new year, and we are excited to announce that we already had 52 sales occur. Out of those 52 sales, 28 were single family homes and townhomes, with a median sales price of $1,110,000. The median days on market for single family homes is at 164 days, and the list -to- sales price ratio currently is at 97%.
One key component of the GDP is corporate investment in equipment and 2018 seems to be off to good start. The combination of tax cuts, improved business confidence, strengthening global demand, high enough oil prices, very low unemployment and rising working wages, all point to a strong growth. All these components seem to indicate that our 2018 housing market may end up being just as good as the one we experienced in 2017.
For any questions about the area, restaurants or places to stay, or if you or anyone you know would like to learn more about the local real estate market, please feel free to reach out! We are never too busy to assist you!